The Latest Breaking News from Wayne Byres

Losing interest rate floor has led to 'bad outcomes' for many Australians, says former senior bank regulator

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator.

ABC News · Apr 30, 2023

APRA chair Wayne Byres says falling house prices are 'no bad thing'

The outgoing boss of Australia's banking regulator denies responsibility for the latest housing boom and bust, while adding that the price falls may be good for the nation.

ABC News · Oct 19, 2022

APRA warned Albanese government about 'heightened' housing risks as interest rates rise

The banking regulator warned the incoming Albanese government that it would face "heightened" risks in the housing market as interest rates rise, documents released under freedom of information show.

ABC News · Jul 28, 2022

First homebuyers will likely be hit hardest by Australia’s interest rate rises

Analysts warn economic consequences of RBA’s ‘blunt instrument’ attempt to limit inflation will fall disproportionately on outer suburbs

The Guardian - AU · Jun 7, 2022

Banks crack down on high debt-to-income home loans as regulator APRA comes knocking

Two of Australia's biggest banks are moving to curb high-risk home lending, as the regulator reveals it has been warning some institutions to cut back on risky loans.

ABC News · May 31, 2022

With interest rates about to start rising, experts estimate almost 300,000 mortgage borrowers are at serious risk of default

As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default.

ABC News · May 1, 2022